CBRE: Hong Kong fourth most luxurious city in 2014
In its report ‘Global Luxury Retail 2015’, CBRE noted that Hong Kong is the fourth most luxurious city globally. Some 81% of all luxury brands have a presence there. In 2013, 81% of brands could be found in Hong Kong. Some 62% of luxury and business fashion brands are targeting Hong Kong for expansion in 2015. By this measure, Hong Kong is seen as the second most prospective of the 10 national/ territory markets profiled by CBRE. 10 new luxury and business fashion brands opened a store in Hong Kong in 2014.
Source : CBRE/November 2015/Hong Kong/RET